IAFF Local 726 Health and Welfare … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Aaron James

Phone

4257717359

Tax Period

2023-01-01 to 2023-12-31

IAFF Local 726 Health and Welfare Trust, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $13.0M left a modest 6% surplus.

Mission

To provide an entity through which one or more employee welfare benefit plans can be funded pursuant to collective bargaining and memoranda of understanding.

Program Service Accomplishments

Program 1

The Trust provides qualified health and welfare benefits to participants and their dependents pursuant to collective bargaining and memoranda of understanding.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,528,419

Investment Income $232,118

Other Revenue $0

TOTAL REVENUE $13,760,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $171,934

TOTAL EXPENSES $12,983,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,760,537	$12,024,480	+0.1%
Expenses	$12,983,246	$11,480,891	+0.1%
Net Income	$777,291	$543,589	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron James	Chairman	1.00	Officer Director	$0	$0	$0
Kevin Hucke	Secretary	1.00	Officer Director	$0	$0	$0
Brad Watamura	Trustee	1.00	Director	$0	$0	$0
Paul Harruff	Trustee	1.00	Director	$0	$0	$0
Benjamin Thompson	Trustee	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$13,760,537	$12,983,246	$12,157,727	$777,291
2022	$12,024,480	$11,480,891	$10,219,805	$543,589
2021	$11,763,674	$11,004,969	$11,100,974	$758,705
2020	$10,928,526	$10,437,787	$9,921,497	$490,739
2019	$10,261,718	$9,690,381	$8,890,236	$571,337
2018	$10,041,760	$8,954,122	$8,679,342	$1,087,638

IAFF Local 726 Health and Welfare Trust